Bitcoin Fear and Greed Index Drops to 45, Entering Fear Zone for the First Time Since April

According to COINOTAG News on June 6th, the latest cryptocurrency Fear and Greed Index has declined sharply to 45 from yesterday’s 57, signaling a shift into the “Fear” territory for the first time since April 22nd. This index, which ranges from 0 to 100, integrates multiple market indicators including volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends data (10%). The recent dip reflects a notable cooling in overall market sentiment, highlighting increased caution among investors. Tracking these composite metrics offers valuable insights into prevailing crypto market dynamics and investor psychology, essential for informed decision-making in a volatile environment.